The objective of this work is to study the impact of the unions bargaining power on production and wages. We present a model where a competitive final good is produced through two substitutable intermediate goods, one produced by unskilled labor and the other by skilled labor. Potential workers...

Different approaches to modelling the distribution of WTP are compared using stated preference data on Tanzanian Clinical Officers’ job choices and mixed logit models. The standard approach of specifying the distributions of the coefficients and deriving WTP as the ratio of two coefficients...

Der vorliegende Beitrag untersucht für den Fall eines sowie für den Fall zweier variabler Produktionsfaktoren, wie sich Mindestlöhne im nicht diskriminierenden Monopson auf Beschäftigung bzw. Kapitalintensität auswirken. Dabei kann der Mindestlohn in Höhe des hypothetischen Konkurrenzlohns...

Interregional wage differences in the Spanish economy are of considerable magnitude. More precisely the average wage in Madrid is 69% higher than in Murcia and the figure to Catalonia is 47% higher. The main objective of this paper is to explain these differences. In order to do so, we estimate...

In this paper we discuss the differences between the average marginal effect and the marginal effect of the average individual in sample selection models, estimated by Heckman's two step procedure. We show that the bias that emerges as a consequence of interchanging them, could be very...

This paper studies how a high overtime wage rate and a low labor stock may be used as commitment devices by price-setting firms. We show that high overtime pay premiums may both decrease and increase equilibrium employment. If an employment-oriented union or the firm itself sets the overtime...

Recent decades have been characterized by a steep increase in wage inequality globally. In order to explain this phenomenon, this paper extends the classic Kuznets Curve to include post-industrial economies. According to this Extended Kuznets Curve (EKC) hypothesis, wage inequality may follow an...

WNew Zealand’s population is ageing rapidly and alongside this the labour force is also ageing. This paper presents a descriptive analysis of the labour force and employment trends among older New Zealanders (that is, those aged 55 and over). Specifically, the paper focuses on labour force...